The S&P 500 and Dow Jones industrial average closed at record highs and bank stocks surged after the US Federal Reserve indicated another rate hike this year was possible and that it would begin the unwinding of its balance sheet next month.

Major indices in Asia were mixed on Thursday after the dollar and US Treasury yields spiked following big news out of the Federal Reserve.

Tata Steel Ltd and German major Thyssenkrupp AG have signed a memorandum of understanding (MoU) to create Europe’s second-largest steel enterprise by combining the flat steel businesses of the two companies.

All peer-to-peer lending (P2P) platforms will be regulated by the Reserve Bank of India (RBI). A government of India gazette notification stated that all the P2P platforms will be treated as non-banking financial companies (NBFCs) and will be brought under the ambit of the banking regulator. Read more